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Re: cura asada post# 722913

Monday, 02/05/2024 6:29:10 PM

Monday, February 05, 2024 6:29:10 PM

Post# of 727405
Recent Accounting Developments
Below lists recently issued accounting pronouncements applicable to us but not yet effective.
Accounting Standards Update 2020-04 and 2021-01, collectively implemented as Accounting Standards Codification Topic 848
(“ASC 848”), Reference Rate Reform provide temporary optional expedients and exceptions for applying generally accepted
accounting principles to contract modifications, hedge accounting and other transactions affected by the transitioning away
from reference rates that are expected to be discontinued, such as interbank offered rates and LIBOR. If LIBOR ceases to exist
or if the methods of calculating LIBOR change from current methods for any reasons, interest rates on our floating rate loans,
obligation derivatives, and other financial instruments tied to LIBOR rates, may be affected and need renegotiation with its
lenders. In January 2021, ASU 2021-01 was issued to clarify that all derivatives instruments affected by changes to the interests
rates used for discounting, margining alignment due to reference rate reform are in scope of ASC 848. ASU 2020-04 and ASU
2021-01 are effective March 2020 and January 2021, respectively, through December 31, 2022. We are currently assessing the
impact of ASU 2020-04 and ASU 2020-01 on our consolidated financial statements.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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